Technical Scans Wednesday
S32 hits a 52-week low after releasing results on Monday. Real-Estate sector hits a 52-week low. Staples continue to drop with Coles on a 52-week low. Uranium and Gold ETF’s with sell signals.
Read more
End of Day Report Wednesday
ASX 200 closed flat, down 3 points to 6854, losing early morning gains following hotter-than-expected inflation data. Market up 40 points at best. Down 25 at worst. Miners helped offset steep losses today on news China has approved additional stimulus. Iron ore behemoths did most of the heavy lifting, supported by firmer iron ore prices. BHP, RIO and…
Marcus Take
Colour-coding Members and matching you to the right colour-coded stocks. Lithium going nowhere again overnight. S&P 500 under 200-day Moving Average. Cash still King.
Technical Scans
TECHNICAL SUMMARY Another day of big oversold and 52-week low lists. Stocks aren't the only ones oversold, with an interesting variety of ETF's on the list. Lithium stocks joining the 52-week low list after a shocker yesterday. An income ETF at a three-year low. EMR standing out in the Gold Sector. OBSERVATIONS A variety of ETFs are…
End of Day Report Tuesday
ASX 200 edges higher, up 13 points to 6857 (+0.2%), breaking a three-day losing streak. Gains in Miners and Resources were offset by losses in the Healthcare and Staples sectors. Iron ore giants did most of the heavy lifting after big falls yesterday. BHP, RIO and FMG all gaining between 0.5%-2.6%, helped by firmer commodity prices. Energy stocks benefited from a rising…
Henry’s Take – Melbourne Bound
SMALL CAP PORTFOLIO I am on a plane down to Melbourne this morning on a 6.40am flight. Not quite sure what possessed me to book that flight. Think it was cheap! It’s an early start from Sydney’s Northern Beaches. I will be at the Microcap Conference for the next few days and hope to have…
Pre-Market Report – Bond Markets Face Intense Volatility
Wall Street ended mixed overnight, following a renewed bout of bond market volatility. The Dow Jones finished down 191 points (-0.58%). Up 108 at best. Down 235 at worst. The S&P 500 fell for a fifth consecutive session, down 0.17%, its longest slide this year and hovering just above the key 4,200 technical support level. The…
Henry’s Take – Where Do We Go from Here!
SMALL CAP PORTFOLIO Last update 10.30am SUMMARY Plenty of cash and no rush as 6900 gives way. Risk off with gold and oil still in focus. MGFO – Interesting times. LTR shorts continue. Now 15% of PLS shorted! US Check Ins Microcap Conference starts tomorrow. AM ANNOUNCEMENTS LRS – Firm committments for a $35m capital…
